Innovative Technologies Could Help the Advancement in the Cannabis Industry – PRNewswire

NEW YORK, Sept. 4, 2019 /PRNewswire/ — Consumer trends are always changing and forcing many businesses to adapt accordingly. One of the biggest demands in the consumer industry is more efficient payment systems. With the emergence of online platforms, digital payment solutions have become a popular payment method. Consequently, most businesses involving customer interaction have implemented a digital payment system. And over the past several years, payment solution providers have improved their technology by providing faster transaction speeds and upgraded security. Generally, most large industries have already integrated a digital platform of some sort. However, there are many emerging industries that have not yet adopted digital payment solutions. Specifically, the cannabis industry was recently in dire need of technological advancements as legalization efforts continued to ramp up and more regions worldwide began to establish recreational or medical cannabis dispensaries. However, because cannabis is still listed as a controlled substance, many service providers have opted not to do business with the cannabis industry. As such, the lack of mutual relationships have hindered the cannabis industry’s growth. However, as a result, many entrepreneurs have taken the initiative and launched operations in order to help accelerate the industry. Specifically, technology entrepreneurs have created platforms, such as seed-to-sale trackers or automated farming systems, to help maximize efficiency and maintain organization. And now, digital payment solutions are expected to be a major growth driver for the overall cannabis industry. According to data compiled by Ameri Research, the global legal marijuana market was valued at USD 14.3 Billion in 2016. By 2024, legal marijuana global sales are projected to reach USD 63.5 Billion while exhibiting a CAGR of 21.1% from 2017 to 2024. Global Payout, Inc. (OTC: GOHE), MariMed Inc. (OTC: MRMD), Emerald Health Therapeutics Inc. (OTC: EMHTF) (TSX-V: EMH), Aleafia Health Inc. (OTC: ALEAF) (TSX: ALEF),

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